Gate Options Weekly Report (September 15 - September 21)

| Currency | Weekly Growth Rate | Trading Volume Last Week (September 8 - September 14) | Trading Volume This Week (September 15 - September 21) | Trading Volume Growth Rate | | ---- | -------- | ------------------------------ | ------------------------------- | ---------- | | BTC | 0.80% | $311 B | $296.7 B | -4.50% | | ETH | 6.60% | $246 B | $222.3 B | -9.60% | | ADA | -3.86% | $10.8 B | $10.5 B | -2.80% | | DOGE | -11.50% | $33.6 B | $27.1 B | -19.30% | | LTC | −3.50% | $4.8 B | $4 B | -17% | | SOL | −3.90% | $66.7 B | $53.1 B | -20.40% | | TON | −6.30% | $1.1 B | $1.03 B | -6.40% | | XRP | 4.90% | $38 B | $36.4 B | -4.20% |

Note: The trading volume is the weekly trading volume of the entire market SPOT. The overall 7-day average daily trading volume trend of the SPOT market is shown in the figure below, with a significant decline this week.

BTC is consolidating around the 60-day moving average

• The current price is fluctuating in the range of $114,000–$116,500, with multiple slight breakthroughs but failing to maintain a strong position for a long time. Recently, the price briefly returned above the 60-day moving average before testing the 60-day moving average again. In the future, it may fluctuate around the 60-day moving average, and attention can be paid to the overall trend direction of the 60-day moving average.
• The resistance observation point is around $117,200 (recent high), and there may be selling pressure in the range of $118,500–$119,300 above.
• The support level is around $114,500–$115,000 as the primary support. If it is breached, then the focus should be on the stronger support level in the range of around $110,000–$112,000.

ETH fell sharply on Monday, facing technical pressure

• ETH has significantly declined today, falling below $4,400, with a low around $4,200. The short-term trend is under pressure.
• The key support level $4,200–$4,300 has been tested, and if it continues to be lost, it may further drop to the $4,000–$4,100 range.
• The resistance above has shifted down to $4,400–$4,500. If it cannot quickly recover in the short term, it will maintain a weak oscillation pattern.

Options Strategy Recommendation:

Recently, the price of Bitcoin has been fluctuating in the range of $115,000–$116,500, but it has not been able to break upwards. The current price has fallen back to around $113,000, indicating a weakening of short-term upward momentum;

From a technical perspective, BTC is still near the middle band of the Bollinger Bands, the RSI indicator does not show any obvious overbought signals, and the implied volatility (IV) remains in a neutral range;

The current support level is in the range of $112,000–$113,000. If it falls below this area, it may further retrace to around $110,000.

Strategy Recommendation:

Bear Market Bull Call Spread (Bear Call Spread) example

• Short Call: Strike price $115,000, premium received approximately $1,050
• Long Call: Strike Price $118,000, Premium Payment Approximately $500
• Net Royalty Income: Approximately $550

Gate options trading page: https://www.gate.com/zh/options/BTC_USDT